How it Works...

Rates on New Cars:

Term of Loan

Rate

36 Months

1.49% APR

48 Months

2.24% APR

60 Months

2.24% APR

72 Months

2.74% APR

This credit union is federally insured by the National Credit Union Administration. Rates and offers current as of January 9, 2015 and are subject to change. In order to refinance an existing PenFed auto loan, the advertised rate must be equal to or greater than your current PenFed auto rate.

Terms and Conditions are subject to credit approval.

New Auto Loans: 1.49%** APR applies to new vehicle loan amounts up to $100,000 financed for 12-36 months. 2.24% APR applies to new vehicle loan amounts up to $100,000 financed 37-48 months. 2.24% APR applies to new vehicle loan amounts up to $100,000 financed for 49-60 months. 2.74% APR applies to new vehicle loan amounts finance for 61-72 months. New vehicles are where you are the original owner and the vehicle is a current (2015) or previous (2014) model year. Minimum loan amount of $20,000 required for 61-72 month loan term. Weight restrictions apply. Other restrictions may apply. Loan Payment Examples: $20,000 at 1.49% APR; 36 monthly payments of approximately $568.41. $20,000 at 2.24% APR; 48 monthly payments of approximately $436.00. $20,000 at 2.24% APR, 60 monthly payments of approximately $352.66. $20,000 at 2.74% APR; 72 monthly payments of approximately $301.55.